For a few brief, shining moments, the dream of Milton Friedman must have seemed closer to reality in corporate America than ever before.

EDITOR'S NOTE: This story contains descriptions of abuse and references to sexually explicit material. A tycoon from the United Arab Emirates whose intimate friendship with the late sex offender Jeffrey Epstein was revealed in the latest release of files by the US Justice Department has been replaced in his post as head of one of the world's largest port operators.

A powerful Dubai business executive exchanged crude, sexually explicit messages with disgraced financier Jeffrey Epstein -- including graphic boasts about encounters with women.